RBS allowed the staff member to take away customer files so she could work from home, selling mortgages and other loans to existing customers.
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The change of name is part of a push by the bank to distance itself from its financial crisis legacy.
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Alison Rose was speaking as RBS officially changed its name to NatWest Group
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The brand may remain, but changing Royal Bank of Scotland’s name to NatWest Group marks a fall in the stature of Scottish finance, writes Bill Jamieson
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As Royal Bank of Scotland loses its brand status, customers will notice little change but the symbolism is big.
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Historic institution Royal Bank of Scotland could be in danger of losing Scottish customers amid confusion over its change of name, an expert has warned.
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Laura Rees has spent 19 years in business finance, joining FW Capital from Catalyst Finance. Prior to that Laura worked at RBS Group for 11 years, latterly as a relationship director for the corporate and commercial team in Manchester. At RBS she oversaw a diverse portfolio of clients ranging £2M to £40M turnover. She also […]
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A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
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RBS has formally changed its name to Natwest, removing Scotland from the bank’s parent company for the first time since The post 'Historic' day as RBS formally changes name to Natwest appeared first on CityAM .
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Alison Rose has hailed Royal Bank of Scotland’s name change to NatWest Group as an “historic day” and a “symbolic moment” for the banking giant’s colleagues and stakeholders.
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https://www.investing.com/news/stock-market-news/rbs-hires-top-climate-expert-as-it-says-goodbye-to-historic-name-2236359
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Lord Nicholas Stern will provide RBS management with eight days of advice a year for two years.
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The lender's efforts to put its chequered past behind it are already approaching hurdles, amid warnings that the taxpayer is facing even heavier losses from its bailout than expected.
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RBS has extended homeworking for 50,000 staff - marking a continuing shift in employers' attitudes.
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Royal Bank of Scotland has reportedly told more than 50,000 staff to work from home until 2021. It comes after The post RBS tells 50,000 employees to work from home until next year appeared first on CityAM .
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Royal Bank of Scotland, one of Britain’s biggest employers, has told more than 50,000 staff to work from home until next year. Read more: RBS tells 50,000 staff to work from home until 2021
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RBS informed staff in a memo that they could work from home until 2021. The decision flies in the face of the Prime Minister's pleas for white collar workers to return to the office and boost the economy.
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The U.K. lender said 80 per cent of its staff will continue to work remotely until 2021, extending its previous guidance that workers would be home until September.
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Banking group says it takes safety seriously days after Boris Johnson calls for a return Coronavirus – latest updates See all our coronavirus coverage Nearly 50,000 UK-based staff at banking giant RBS Group have been told they will not go back into the office until 2021, just days after the Boris Johnson said employers should begin encouraging people back into the workplace. The company, in which the British taxpayer has a 62% stake, said the “vast majority” of employees who are working from home would continue to do so until next year. It had previously said they would do so until at least the end of September . Continue reading…
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Staff were told in a memo on Monday that remote working will continue for at least the rest of the year.
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Self storage company Lok'nStore announced the agreement of a one-year extension to its existing joint banking facility with Royal Bank of Scotland and Lloyds Bank on Monday.
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Coconut, the smart banking, accounting and tax tool aimed at entrepreneurs and small businesses, has raised over £2.4m in its latest crowdfund – beating its target by 350% – and has launched a new service aimed at taking the pain out of filing accounts as part of its new RBS BCR Pool E bid. The …
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The bank will change its name on next week on July 22
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A new, state-of-the-art fishing vessel has berthed in Orkney thanks to a funding package from Royal Bank of Scotland.
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Royal Bank of Scotland, commonly abbreviated as RBS, is one of the retail banking subsidiaries of The Royal Bank of Scotland Group plc, together with NatWest and Ulster Bank
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Ilika discusses the highlights from their final results and the ramping up of their miniature solid-state batteries production. Chris Bailey covers GVC Holdings, Royal Bank of Scotland, Biffa & Experian.
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Royal Bank of Scotland has confirmed that its parent company name will change to NatWest Group next Wednesday.
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Decision sees the group move away from a brand that was tarnished by its mammoth £45.5bn state bailout in 2008
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Decision sees the group move away from a brand that was tarnished by its mammoth £45.5bn state bailout in 2008
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Lending giant Royal Bank of Scotland has confirmed it will formally change its name to NatWest Group on July 22 as it looks to shift away from the…
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A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
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The move comes after new boss Alison Rose unveiled the name change in February as part of her new strategy soon after taking on the top job last autumn
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Lending giant Royal Bank of Scotland has confirmed it will formally change its name to NatWest Group on July 22 as it looks to shift away from the brand that was bailed out in the financial crisis.
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Royal Bank of Scotland will formally change its name to NatWest Group on July 22, in a move aimed at distancing the state-backed lender from its government bailout during the 2008/9 financial crisis.
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The Royal Bank of Scotland reported that salaries for permanent staff was at its lowest in almost two decades.
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This story was delivered to Insider Intelligence Banking Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry with the Banking Briefing. You can learn more about subscribing here. UK neobank Starling has made a pair of announcements concerning its ever-expanding business-banking offerings: The neobank is rolling out a US dollar account as well as fully launching a "Business Toolkit." Available to Starling's business clients for £5 ($6.24) per month, the new US dollar account enables users to spend directly in pounds and dollars through a single card and comes with a full US bank account, Crowdfund Insider reports . The feature is similar to the business euro account that the neobank launched in October 2019. Additionally, Starling is fully launching the Business Toolkit it has been beta testing since January. The toolkit — which will be free for three months for those who sign up before July 31, 2020, and £7 ($8.74) per month after that — carries a range of benefits, including helping users calculate and submit VAT returns and estimating the money sole traders need to set aside for costs like self-employment income tax.
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Starling is applying for another £35 million from the Royal Bank of Scotland bail out fund set up to promote competition in the UK's SME banking market.
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FRC tells KPMG, PwC, Deloitte and EY to act after big collapses such as Carillion and RBS The UK’s “big four” accountancy firms have been told to fence off their auditing operations , as part of a drive to oversight of corporate finances in the wake of high-profile collapses such as Carillion and BHS . The industry’s regulator, the Financial Reporting Council, told KPMG, PwC, Deloitte and EY that it expects them to have separated their auditing divisions from the rest of their operations by June 2024. Continue reading…
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A new law which came into effect on July 1 means Santander, Natwest, RBS, Lloyds, Nationwide, Halifax and First Direct have all changed their banking rules
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The chairman of majority state-backed lender Royal Bank of Scotland has called on the Bank of England to lift curbs on dividends by the autumn to make lenders attractive to investors again.
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The chairman of RBS has called on the Bank of England to lift curbs on bank dividends by the autumn to make lenders more attractive to investors.
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https://www.investing.com/news/stock-market-news/rbs-chairman-calls-on-boe-to-lift-dividend-curbs-by-autumn-2219634
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UK banks are not investible after lenders were forced to scrap dividends by regulators to see them through the coronavirus crisis, Royal Bank of Scotland Chairman Howard Davies has said.
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Natwest, RBS, Lloyds, Nationwide, Halifax and First Direct have all changed their banking rules
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A new law means Santander, Natwest, RBS, Lloyds, Nationwide, Halifax and First Direct have all changed their banking rules
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RBS shares look cheaper than they have been for many years, but this may not last for long if the economy returns to growth. The post Is it worth buying RBS shares now they’re cheap? appeared first on The Motley Fool UK .
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A review has been ordered into the future of a statue of a 19th century military commander and Royal Bank of Scotland governor outside the institution’s historic former headquarters in Edinburgh city centre due to his links with the slave trade.
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